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Mahalaxmi Fabric Mills (BOM:544233) EBIT : ₹83 Mil (TTM As of Sep. 2024)


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What is Mahalaxmi Fabric Mills EBIT?

Mahalaxmi Fabric Mills's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mahalaxmi Fabric Mills's annualized ROC % for the quarter that ended in Sep. 2024 was 3.35%. Mahalaxmi Fabric Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mahalaxmi Fabric Mills's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.21%.

Mahalaxmi Fabric Mills EBIT Historical Data

The historical data trend for Mahalaxmi Fabric Mills's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mahalaxmi Fabric Mills EBIT Chart

Mahalaxmi Fabric Mills Annual Data
Trend Mar22 Mar23 Mar24
EBIT
- 23.42 40.14

Mahalaxmi Fabric Mills Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
EBIT - -3.04 43.18 39.34

Competitive Comparison of Mahalaxmi Fabric Mills's EBIT

For the Textile Manufacturing subindustry, Mahalaxmi Fabric Mills's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mahalaxmi Fabric Mills's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mahalaxmi Fabric Mills's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mahalaxmi Fabric Mills's EV-to-EBIT falls into.


Mahalaxmi Fabric Mills EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹83 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mahalaxmi Fabric Mills  (BOM:544233) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mahalaxmi Fabric Mills's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=55.866 * ( 1 - 22.49% )/( (1235.888 + 1350.468)/ 2 )
=43.3017366/1293.178
=3.35 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1686.255 - 400.641 - ( 197.175 - max(0, 708.365 - 758.091+197.175))
=1235.888

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1778.724 - 400.56 - ( 195.494 - max(0, 777.538 - 805.234+195.494))
=1350.468

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Mahalaxmi Fabric Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=78.684/( ( (909.808 + max(106.063, 0)) + (957.004 + max(160.303, 0)) )/ 2 )
=78.684/( ( 1015.871 + 1117.307 )/ 2 )
=78.684/1066.589
=7.38 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(305.749 + 155.697 + 58.039) - (400.641 + 0 + 12.781)
=106.063

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.886 + 237.25 + 79.681) - (400.56 + 0 + 37.954)
=160.303

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mahalaxmi Fabric Mills's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=82.519/542.401
=15.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mahalaxmi Fabric Mills EBIT Related Terms

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Mahalaxmi Fabric Mills Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Fabric Mills Ltd (BOM:544233) » Definitions » EBIT
Comparable Companies
BOM:540938 NSE:VERA BOM:503092 BOM:521178 BOM:514028 BOM:522267 BOM:532730 BOM:543537 BOM:509895 BOM:531453 HKSE:02313 TSE:3402 SZSE:000158 TPE:1402 IST:SASA SHSE:601233 SHSE:600295 BOM:532889 AIN TPE:2915
Traded in Other Exchanges
MFML:India
Address
Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015
Website
https://www.mahalaxmigroup.net/MFML
Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment i.e manufacturing and trading of traditional textile. Company's revenue is derived primarily from sale of goods.

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